All Forum Posts by: Jeff Howard

@Mas Yoshida

It sounds like we are in the same boat for sure!  I am sensing a bubble in the market and I wouldn't mind selling our home at the top, but then of course we would be buying our primary at the top also.  I go back and forth all the time on if we should keep our current home.  With our current loan amount and expenses, we would likely be only $100 or so negative cash flow or possibly even.  My thought is to sell high on our current, and then wait for the market to cycle and pick up one or more properties at a better entry point into the market (in theory!).  I guess in my mind I ask myself "would I want to buy my current home as a rental in this market at these prices" and my answer is no.  Granted, my quick analysis on my situation could very well be WRONG, and that is why it is great to get people's thoughts here.  Thanks for sharing.

@Christine Kankowski

yes, we will likely be using a property management company when we do buy a rental.  I like the idea of the flat rate.  Temecula is definitely an option, everything is just so hot right now it seems like I would be buying into a sellers market.  We shall see what it does!

Thanks for the quick replies!

I am already hooked on the podcast, and I have downloaded the UBG ebook.  I am thinking about outlying areas like Redlands, Palm Springs, Corona, Temecula, that may still be offering good value.  Good idea about Long Beach @Jo-Ann Lapin.   I am sure it is harder than it seems to analyze and make sure you get a great deal, not just to buy to be buying something.  i can sense already that my excitement could lead to a premature purchase!

Hello,

I am an absolute newbie excited to learn about potentially investing in our (my wife and three boys of 4,6 and 10) first real estate investment.  My wife and I are both 37 years old.  We will be selling our current home and purchasing a new primary residence in the next 1-2 years and I want to learn about what it actually takes to operate and create income from owning rental properties.  We will have approximately 100-150K to invest to start out, but we want to take it slow and steady and potentially grow it into something my wife can operate as the kids get older.  I am particularly interested in learning how to organize our real estate investments through our small business and maximize our tax advantages.  We are spooked by prices here in Orange County CA, but I am not opposed to looking in other areas or even states, but both prospects are intimidating, and I feel like we are poised on another bubble at the moment.  Thanks for the help and I am excited to learn about a new subject!

Jeff